We are pleased to announce the proposed issue by KIBB of up to 35,000,000 European style non-collateralised cash-settled call warrants over the ordinary shares of PPB.

The PPB-CQ is constituted by the Deed Poll dated 18 May 2023 executed by us, as supplemented from time to time. The PPB-CQ is subject to terms and conditions of the Base Prospectus dated 25 May 2023 and the Term Sheet dated 22 June 2023.

The PPB-CQ will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 25 May 2023.

A summary of principal terms of the PPB-CQ is set out in Table 1.

*This announcement shall supersede and replace the previous announcement (Reference Number: GA1-21062023-00022) in relation to the Adjustment to Terms of Structured Warrants dated 22 June 2023.

This announcement is dated 22 June 2023.